401
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401(k)
(fôr′ō-wŭn-kā′)n.
A retirement investment plan that allows an employee to put a percentage of earned wages into a tax-deferred investment account selected by the employer. Also called salary reduction plan.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
401(k)
(ˈfɔrˌoʊˈwʌnˈkeɪ, ˈfoʊr-)n.
a savings plan that allows employees to contribute a fixed amount of income to a retirement account.
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